Mark Zuckerberg Again Calls for Big Tech to be Regulated

Mark Zuckerberg wrote an op-ed published in The Financial Times "once again calling for more regulation of Big Tech," reports MarketWatch, "even if it affects his company's bottom line." Zuckerberg has previously called for more government regulation of internet companies, and reiterated his arguments in favor of laws covering four major areas: elections, harmful content, privacy and data portability. "I don't think private companies should make so many decisions alone when they touch on fundamental democratic values," he wrote, adding: "We have to balance promoting innovation and research against protecting people's privacy and security." Zuckerberg warned that regulation could have "unintended consequences, especially for small businesses that can't do sophisticated data analysis and marketing on their own...." At his Munich appearance, Zuckerberg spoke about what type of regulation he envisioned: "Right now there are two frameworks that I think people have for existing industries — there's like newspapers and existing media, and then there's the telco-type model, which is 'the data just flows through you', but you're not going to hold a telco responsible if someone says something harmful on a phone line... I actually think where we should be is somewhere in between," he said, according to Reuters. Reuters also reports that Zuckerberg said Facebook is already employing 35,000 people to review online content and implement security measures. "Those teams and Facebook's automated technology currently suspend more than 1 million fake accounts each day, he said, adding that 'the vast majority are detected within minutes of signing up.'"

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